Singapore banks pick MonetaGo to build trade finance registry

Singapore banks pick MonetaGo to build trade finance registry

Singapore banks pick MonetaGo to build trade finance registry Financial technology solutions provider MonetaGo has been selected by the Association of Banks in Singapore (ABS) to deliver the Trade Finance Registry (TFR), an interoperable industry utility that bridges information silos between banks to combat duplicate financing fraud. The TFR serves as a secure database for records of […]
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Impact of armed conflict on global trade and environment

Impact of armed conflict on global trade and environment

Impact of armed conflict on global trade and environment Over the last ten years, nature dependent exports accounted for 40% of annual world trade ($7.4 trillion) – 36% of which stemmed from non-democratic regimes, as defined by the Economist Intelligence Unit’s Democracy Index.  For this sector of global trade, the conflict in Ukraine has brought the risks associated with […]
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AI and Machine Learning will support the evolution of trade finance experts in document examination

AI and Machine Learning will support the evolution of trade finance experts in document examination

AI and Machine Learning will support the evolution of trade finance experts in document examination For decades, trade document checkers at banks have mastered the crucial, time-consuming, and somewhat niche skill of manually reviewing complex documents to ensure they meet international standards.  These experts sift, scan, and scrutinise to find discrepancies among documents, including letters of […]
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Supply Chain crunches may ease by second half of 2022

Supply Chain crunches may ease by second half of 2022

Supply chain disruptions aren’t expected to ease until the second half of 2022 The supply chain bottlenecks that have become a fixture of global trade will persist well into next year, according to industry forecasts, but are likely to ease by the start of 2023. A sudden plunge in goods demand at the beginning of […]
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Singapore and Abu Dhabi Pilot Digital Trade Financing System

Singapore and Abu Dhabi Pilot Digital Trade Financing System

Singapore and Abu Dhabi pilot digital trade financing system The world of trade has gained a glimpse of things to come after the completion of the first ever cross-border digital trade financing pilot between two Model Law on Electronic Transferable Records (MLETR)-compliant jurisdictions. The test transaction was carried out by Singapore’s Infocomm Media Development Authority […]
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WTO: Trade slowing due to supply chain issues

WTO: Trade slowing due to supply chain issues

WTO: Trade slowing due to supply chain issues   Following a rapid recovery in global goods trade levels in the early months of the year, supply chain issues in critical sectors and gridlock in the shipping sector are dampening prospects for international commerce, newly released data from the World Trade Organization (WTO) show. The WTO […]
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ICC published a report on setting common standards for sustainable trade and associated financing

ICC published a report on setting common standards for sustainable trade and associated financing

ICC published a report on setting common standards for sustainable trade and associated financing  The International Chamber of Commerce (ICC) has today published a report setting out proposals to tackle the longstanding challenge of defining and setting common standards for sustainable trade and associated financing. The paper, developed in partnership with the Boston Consulting Group […]
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